NTC HOLDINGS INC
8-K, 1998-12-21
AGRICULTURAL PROD-LIVESTOCK & ANIMAL SPECIALTIES
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                   SECURITIES & EXCHANGE COMMISSION
                                   
                       WASHINGTON, D.C.  20549
                                   
                                   
                               FORM 8-K
                                   
                            CURRENT REPORT
                                   
                                   
                                   
                  Pursuant to Section 13 or 15(d) of
                 the Securities Exchange Act of 1934
                                   
                                   
Date of Report (Date of earliest event reported)        December 14, 1998   



Exact Name of Registrant as Specified in Charter:


                          NTC HOLDINGS, INC.


State of Other Jurisdiction of Incorporation:


                               NEW YORK


Commission File Number:  2-094704-NY


IRS Employer Identification Number:     11-2647209


Address and Telephone Number of Principle Executive Offices:

                  4505 SOUTH WASATCH BOULEVARD #330
                     SALT LAKE CITY,   UTAH 84121
                            (801) 359-9300
Item 4.   Changes in Registrant's Certifying Accountants.

Robert Lipkint was previously the principle accountant for NTC Holdings, Inc. 
On December 14, 1998, the Board of Directors approved the engagement of the 
firm of Crouch, Bierwolf & Chisholm to replace Robert Lipkint who declined to 
stand for reelection as the Certifying Accountant for the Company.

In connection with the audit of the previous fiscal year ended September 30,
1997, there were no disagreements with Robert Lipkint on any matter of 
accounting principle or practices, financial statement disclosure, or auditing 
scope or procedures, which disagreements if not resolved to their 
satisfaction would have caused them to make reference in connection with their
opinion to subject matter of the disagreement, and said firm has not advised 
the registrant of any reportable events.

The accountant's report of Robert Lipkint on the financial statements of NTC
Holdings, Inc. as of September 30, 1997 and for the year ended did not contain 
any adverse opinion or disclaimer of opinion, nor were they qualified as to 
uncertainty, audit scope, or accounting principles.

Item 7.   Exhibits
     
       Exhibit No.                    Description             Page  

            16.1              Letter of Change                 3
                               in Accoutants


                              SIGNATURES

     Pursuant to the requirements of the Securities and Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the 
undersigned hereunto duly authorized.

NTC Holdings, Inc.


/s/ Dean H. Becker         
President and Director

Date:     December 15, 1998






                            ROBERT LIPKINT






December 15, 1998



Securities & Exchange Commission
Washington, D.C.

Gentlemen:

I have been furnished with a copy of the response to Item 4 of the Form 8-K
for the event that occurred on December 14, 1998 filed by our former client, 
NTC Holdings, Inc.  I agree with the statements made in response to that item 
insofar as they relate to my firm.

Sincerely,



/s/ Robert Lipkint




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